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Before You Get Too Excited About The European Economic Recovery...

Sam RoSep 12, 2013, 15:54 IST

Much of the recent data out of Europe has reflected that of an improving economy.

But today's industrial production numbers are a bit worrisome.

Industrial output in Italy unexpectedly fell 1.1% in July, missing expectations for a 0.3% increase.

Industrial production across the 17-nation eurozone fell 1.5%, which was worse than the 0.3% decline expected.

Market strategists have been recommending European stocks as a way to play the global recovery. Today's numbers may give prospective investors some pause.

Here's a historical chart from Markit's Chris Williamson.

@WilliamsonChris